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From cranes to coffee machines: IoT will power the fourth industrial revolution

We give you a taste of ByteSize the monthly email from Cushman & Wakefield Asset Services summarising the key trends and innovations that will help make key assets more valuable, efficient and sustainable for the future.

From cranes to coffee machines: IoT will power the fourth industrial revolution
As the fourth industrial revolution begins to have a more tangible effect on our lives and working environments, what will be the driving force behind the widespread adoption of the innovations it brings with it?

By 2020 more than 50 billion things, ranging from cranes to coffee machines, will be connected to the internet, and Jean-Marc Frangos believes that it’s the Internet of Things that’ll drive the change.

As machine-to-machine communication grows, so does the possibility of greater flexibility, adaptability and productivity. Businesses will be able to transform from product-based to more inclusive services.

Each month we explore a key theme, the people behind it and the latest innovations you can add to your business.

As tech continues to shape the world around us, the business world is continually having to find ways to adapt. As consumer needs and expectations change, companies must keep up to speed.

Automated vehicles are set to change both personal habits, and the cities around us, and Uber’s purchase of Otto highlights the importance of the logistics market to self-driving vehicle manufacturers.

Emerging markets such as China are seeing large investments in industrial real estate, as companies look to ensure they have the means to satisfy growing demand for not only products, but speed of delivery.

As consumer demand for a quick, seamless service continues to grow across the globe, logistics could shape the look of roads, cities and even skies for decades to come.

Meet the trendsetter…

Amazon, the world’s third-largest retailer has long been planning to implement drone deliveries, with the first successful test taking place in December 2016.

The next step is making this a viable means of delivery everywhere, and Amazon has a plan. The retail giant has taken out a US patent for ‘multi-level fulfillment centres’; beehive-like structures that would provide space for inventory, and accommodate the take-off and landing of delivery drones in urban areas.

The centres would allow Amazon to shift away from the traditional model of large single-story warehouses, and move industrial logistics to city centres.

Try this…

Logistics solutions are becoming increasingly tech-savvy, and supply-chain management is increasingly important in modern business. So it seems like a smart move to take your transportation requirements into the cloud.

Cloud Logistics offer a full service, with mobile app tracking, analytics and automated payments, allowing transportation management to be covered all in one place, and provides specific services for the retail, wholesale, manufacturing industries and more.